NORDEX SE O.N. - 1H - Technical analysis published on 10/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 13.45 EUR
My targets
13.95 EUR (+1.23%)
14.31 EUR (+3.85%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NORDEX SE O.N. as long as the price remains well above 13.45 EUR. The buyers' bullish objective is set at 13.95 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 14.31 EUR. If there is any crossing, the next objective would be the resistance located at 15.44 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NORDEX SE O.N. rating 13.78 EUR. The price registered a decrease of -0.15% on the session and was traded between 13.75 EUR and 13.89 EUR over the period. The price is currently at +0.22% from its lowest and -0.79% from its highest.13.75
13.89
13.78
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NORDEX SE O.N. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 13.22 | 13.45 | 13.77 | 13.78 | 13.95 | 14.31 | 15.44 |
Change (%) | -4.06% | -2.39% | -0.07% | - | +1.23% | +3.85% | +12.05% |
Change | -0.56 | -0.33 | -0.01 | - | +0.17 | +0.53 | +1.66 |
Level | Minor | Intermediate | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 13.26 | 13.39 | 13.59 | 13.72 | 13.92 | 14.05 | 14.25 |
Camarilla | 13.71 | 13.74 | 13.77 | 13.80 | 13.83 | 13.86 | 13.89 |
Woodie | 13.31 | 13.41 | 13.64 | 13.74 | 13.97 | 14.07 | 14.30 |
Fibonacci | 13.39 | 13.51 | 13.59 | 13.72 | 13.84 | 13.92 | 14.05 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 11.89 | 12.27 | 12.72 | 13.10 | 13.55 | 13.93 | 14.38 |
Camarilla | 12.94 | 13.02 | 13.09 | 13.17 | 13.25 | 13.32 | 13.40 |
Woodie | 11.93 | 12.29 | 12.76 | 13.12 | 13.59 | 13.95 | 14.42 |
Fibonacci | 12.27 | 12.59 | 12.78 | 13.10 | 13.42 | 13.61 | 13.93 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 11.15 | 12.41 | 13.17 | 14.43 | 15.19 | 16.45 | 17.21 |
Camarilla | 13.37 | 13.55 | 13.74 | 13.92 | 14.11 | 14.29 | 14.48 |
Woodie | 10.89 | 12.29 | 12.91 | 14.31 | 14.93 | 16.33 | 16.95 |
Fibonacci | 12.41 | 13.19 | 13.66 | 14.43 | 15.21 | 15.68 | 16.45 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 60.56 | |
MACD (12,26,9): | 0.0800 | |
Directional Movement: | 11.21 | |
AROON (14): | 85.71 | |
DEMA (21): | 13.79 | |
Parabolic SAR (0,02-0,02-0,2): | 13.68 | |
Elder Ray (13): | 0.08 | |
Super Trend (3,10): | 13.51 | |
Zig ZAG (10): | 13.78 | |
VORTEX (21): | 1.0600 | |
Stochastique (14,3,5): | 75.45 | |
TEMA (21): | 13.79 | |
Williams %R (14): | -28.21 | |
Chande Momentum Oscillator (20): | 0.24 | |
Repulse (5,40,3): | -0.6600 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0800 | |
Courbe Coppock: | 2.31 |
MA7: | 13.50 | |
MA20: | 13.32 | |
MA50: | 13.91 | |
MA100: | 13.44 | |
MAexp7: | 13.76 | |
MAexp20: | 13.68 | |
MAexp50: | 13.53 | |
MAexp100: | 13.46 | |
Price / MA7: | +2.07% | |
Price / MA20: | +3.45% | |
Price / MA50: | -0.93% | |
Price / MA100: | +2.53% | |
Price / MAexp7: | +0.15% | |
Price / MAexp20: | +0.73% | |
Price / MAexp50: | +1.85% | |
Price / MAexp100: | +2.38% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on NORDEX SE O.N.. At the time of publication of this analysis, the latest news was as follows:
- EQS-News: Nordex Group order intake grows to 5.1 GW in the first nine months of 2024
- EQS-News: Nordex Group receives orders totalling 500 MW from Canada
- EQS-News: Nordex Group receives order for 66 MW from the UK
- EQS-News: Nordex Group expands tower portfolio for N175/6.X with hybrid tower with 200 metre hub height
- EQS-News: 109 MW: The Nordex Group receives first order in Latvia
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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